
The incident was linked to a pricing flaw in a legacy smart contract, which allowed an attacker to drain over 8,500 ETH and triggered a near-total collapse in the TRU token’s market value.
Truebit Protocol reported that a smart contract exploit resulted in the theft of about 8,535 ETH, valued at roughly $26.6 million. The incident was caused by a mint pricing error in a five-year-old contract, which allowed an attacker to acquire TRU tokens at an extremely low cost. Following the exploit, the TRU token price fell approximately 99.9%, dropping from around $0.16 to $0.000077. Truebit confirmed it has contacted law enforcement and implemented response measures while warning users not to interact with the affected contract.